According to TradingView data, the dominance of Bitcoin today almost reached 63%.
This is the highest level reached since March 15, 2021, or in the last four years, although for a brief moment it was surpassed on February 3 but with an immediate return.
For a month and a half now, the crypto markets have entered Bitcoin season, which is a period in which the price of Bitcoin significantly outperforms that of altcoins, or suffers much less.
Altcoins Gain Ground on Bitcoin Dominance
It is useful to provide some examples to understand what is being discussed.
In the last thirty days, the price of Bitcoin has remained practically unchanged.
In the same period, however, that of Ethereum lost more than 12%, as did XRP, while Solana is at -13% and Dogecoin at -14%, with Cardano at -18%.
Excluding stablecoins, only BNB has performed better than Bitcoin in the last thirty days among the ten largest market cap cryptocurrencies, and considering the top twenty, only TON can
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